{"id":"https://openalex.org/W4320719185","doi":"https://doi.org/10.32599/apjb.13.4.202212.109","title":"The effect of earnings volatility on current stock price informativeness about expectations of future earnings","display_name":"The effect of earnings volatility on current stock price informativeness about expectations of future earnings","publication_year":2022,"publication_date":"2022-12-31","ids":{"openalex":"https://openalex.org/W4320719185","doi":"https://doi.org/10.32599/apjb.13.4.202212.109"},"language":"en","primary_location":{"id":"doi:10.32599/apjb.13.4.202212.109","doi":"https://doi.org/10.32599/apjb.13.4.202212.109","is_oa":false,"landing_page_url":"http://dx.doi.org/10.32599/apjb.13.4.202212.109","pdf_url":null,"source":{"id":"https://openalex.org/S4210171536","display_name":"The Institute of Management and Economy Research","issn_l":"2233-5900","issn":["2233-5900","2384-3934"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["kci-registered"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Institute of Management and Economy Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5057967898","display_name":"Joong-Seok Cho","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Joong-Seok Cho","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5057967898"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.23099574,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"13","issue":"4","first_page":"109","last_page":"121"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5317000150680542,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5317000150680542,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.28859999775886536,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.07509999722242355,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/earnings-volatility","display_name":"earnings volatility","score":1.0},{"id":"https://openalex.org/keywords/stock-price-informativeness","display_name":"stock price informativeness","score":0.9570000171661377},{"id":"https://openalex.org/keywords/value-relevance","display_name":"value relevance","score":0.6000000238418579},{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.3700000047683716}],"concepts":[{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.7877098917961121},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6093423366546631},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.519369900226593},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.514828622341156},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4964013695716858},{"id":"https://openalex.org/C2988984586","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Stock price","level":3,"score":0.4669087529182434},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.36047717928886414},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.11767604947090149},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.04250875115394592},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.32599/apjb.13.4.202212.109","doi":"https://doi.org/10.32599/apjb.13.4.202212.109","is_oa":false,"landing_page_url":"http://dx.doi.org/10.32599/apjb.13.4.202212.109","pdf_url":null,"source":{"id":"https://openalex.org/S4210171536","display_name":"The Institute of Management and Economy Research","issn_l":"2233-5900","issn":["2233-5900","2384-3934"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["kci-registered"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Institute of Management and Economy Research","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4220768653","https://openalex.org/W2028809683","https://openalex.org/W7095407540","https://openalex.org/W2808899846","https://openalex.org/W2296691667","https://openalex.org/W211280511","https://openalex.org/W7095510523","https://openalex.org/W2611029798","https://openalex.org/W3123899283","https://openalex.org/W2797688488"],"abstract_inverted_index":{"Purpose":[0],"-":[1,19,87],"This":[2,128],"study":[3,129],"investigates":[4],"how":[5],"earnings":[6,43,47,59,63,72,92,108,134],"volatility":[7,44,64,93],"influences":[8],"current":[9,50,95,115],"stock":[10,96],"price":[11,97],"informativeness":[12],"about":[13,140],"expectations":[14],"of":[15,58,69,71],"future":[16,46,100,122,141,162],"earnings.":[17],"Design/methodology/approach":[18],"I":[20,52],"adopt":[21],"the":[22,40,67,77,146],"FERC":[23],"model":[24],"developed":[25,82],"by":[26,33,83],"Collins":[27],"et":[28],"al.":[29],"(1994)":[30],"and":[31,35,45,60,66,137,155],"modified":[32],"Lundholm":[34],"Myers":[36],"(2002)":[37],"to":[38,99,148],"investigate":[39],"connection":[41],"between":[42],"reflected":[48],"in":[49,151,159],"returns.":[51],"define":[53],"five-year":[54],"rolling":[55],"standard":[56],"deviations":[57],"components":[61],"as":[62,107],"measures":[65],"degree":[68],"deviation":[70],"from":[73,112],"cash":[74,113],"flows":[75],"over":[76],"same":[78],"five-year,":[79],"which":[80],"is":[81],"Jayaraman":[84],"(2008).":[85],"Finding":[86],"My":[88],"results":[89],"show":[90],"that":[91,106,131],"delays":[94],"response":[98],"operation":[101,142],"expectations.":[102],"They":[103],"also":[104],"verify":[105],"are":[109,117],"more":[110],"divergent":[111],"flows,":[114],"returns":[116],"less":[118],"timely":[119],"incorporating":[120],"value-relevant":[121],"operation.":[123],"Research":[124],"implications":[125,154],"or":[126],"Originality":[127],"shows":[130],"when":[132],"volatile":[133],"deliver":[135],"obscure":[136],"unreliable":[138],"information":[139],"expectations,":[143],"they":[144],"cause":[145],"market":[147],"be":[149],"conflicting":[150],"understandings":[152],"their":[153],"make":[156],"it":[157],"difficult":[158],"attaining":[160],"correct":[161],"cashflow":[163],"estimates.":[164]},"counts_by_year":[],"updated_date":"2026-06-30T06:16:30.551410","created_date":"2023-02-15T00:00:00"}
